Cryptic crossword clue
Highly rated Eastern horse Nutmeg’s invested in 8

The most common and most likely answer to this crossword clue is the 8 letter word ESTEEMED

I've seen this crossword clue in The Guardian
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Buddy explains!

The straight part
We know that "Highly rated" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case highly rated = esteemed.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ESTEEMED mean?

ESTEEMED verb
  1. To set a high value on; to regard with respect or reverence.
  2. To regard something as valuable; to prize.
  3. To look upon something in a particular way.
  4. To judge; to estimate; to appraise
ESTEEMED adjective
  1. Respected, having respect or admiration from others.

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